Last Updated 31 October 2024

We have received the following recent financial crime updates from both government and various Anti Money Laundering organisations/advisory bodies. ATT members should consider these updates, and in particular for ATT AML supervised firms, where relevant they should be included in their general risk assessment process, established systems and controls to counter anti-money laundering and terrorist financing.

• Submitting a Suspicious Activity report (SAR) within the Regulated Sector
• Fraud Guidance
• New Measures to tackle corrupt elites and dirty money
• HMT Advisory Notice - High Risk Third Countries
• New Financial Sanctions in Relation to Russia
• Register of overseas entities and verification requirements
• Registration for the Economic Crime Levy
• Chinese underground banking and funds from China
• Economic Crime and Corporate Transparency Act